Large Inflow of Money Detected in Dollar Tree

Dollar Tree (DLTR) stock had a bullish inflow of $36.16 million worth of trades on uptick and an outflow of $23.3 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.55. The net money flow into the stock was $12.85 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $13.23 million. An inflow of $7.18 million block trade was recorded on downticks. $20.42 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 2.84 in favor of the bulls. However, Dollar Tree (DLTR) stock traded down $0.02 , and reached $95.34, a drop of -0.02% over the previous day. On a weekly basis, the stock is 1.06%, over the previous weeks close.


Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Dollar Tree (NASDAQ:DLTR). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $100 per share from a prior target of $84. The rating by the firm was issued on June 6, 2016.

Dollar Tree (NASDAQ:DLTR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $95.79 and $94.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $96.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $95.45, notching a gain of 0.09% for the day. The total traded volume was 1,507,526 . The stock had closed at $95.36 on the previous day.

The stock has recorded a 20-day Moving Average of 1.55% and the 50-Day Moving Average is 7.41%. In a related news, The Securities and Exchange Commission has divulged that Saunders Thomas A, director of Dollar Tree Inc, had unloaded 5,000 shares at an average price of $95.5 in a transaction dated on July 11, 2016. The total value of the transaction was worth $477,500.

Dollar Tree, Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price of $ 1.00. The Company offers a selection of everyday basic products and also supplements these basic, everyday items with seasonal, closeout and promotional merchandise. As of July 06, 2015, the Company operated more than 13,600 stores across 48 states and five Canadian provinces. Its stores operate under the brands of Dollar Tree, Dollar Tree Canada, Deals and Family Dollar. Dollar Trees consumable merchandise includes candy and food health and beauty care and everyday consumables, such as paper and chemicals, and in select stores frozen and refrigerated food. The Companys variety merchandise includes toys, durable housewares, gifts, party goods, greeting cards, softlines and other items. Its seasonal goods include Valentines Day, Easter, Halloween and Christmas merchandise.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.